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America went over the so-called fiscal cliff with the arrival of Jan. 1, but disastrous consequences likely will be averted when the U.S. House signs off on a BIPARTISAN DEAL reached in the wee hours today in the Senate:
The measure, which would raise tax rates for families making more than $450,000 and delay deep across-the-board spending cuts for two months, cleared the Senate by an overwhelming 89-8shortly after 2 a.m. The Republican-controlled House could take up the pact in a rare New Year’s Day session, though the timing of that chamber’s vote was not clear.
The $620 billion agreement ...
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